| Atos Origin achieves 2009 operating margin goal |
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| | Atos Origin announced its results for the full year ending 31 December 2009, reporting revenue of €5.13 billion, down 3.7% compared to 2008 at constant scope and exchange rates.
Operating margin reached €290 million, representing 5.7% of revenue and up more than 80 basis points compared to 2008. At same scope and exchange rates, operating margin increased by 13%. Atos’ objective was to increase its operating margin rate by 50 to 100 basis points during the year.
Net income for the year was €32 million after several non recurring items, including a €154 million | |
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| | company restructuring charge, compared to €23 million in 2008. Adjusted net income was €196 million, up by 9% on 2008.
Thierry Breton, Chairman and CEO of Atos Origin declared: “Despite a declining economy in 2009, the Group achieved its objectives. The operating margin increased by more than 80 basis points and the cash flow generation improved to reduce the net debt by 165 million euros.
“The transformation of the Group, in particular through its deep reorganisation and the TOP Program, allows us to pursue in 2010 according to our plan the improvement of the | |
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| | slight increase.
Due to the Arcandor bankruptcy, Atos expects in 2010 a slight revenue organic decrease, however at a lesser extent than the one seen in 2009.
Representing 5% of revenues, Consulting revenue reached €248 million down 23.7% at same scope and exchange rates compared to 2008.
Throughout the year, this activity faced tough market conditions, in particular due to delays or cancellations of projects from large customers. However, during the fourth quarter, Consulting grew sequentially by 14.1%.
Revenue by | |
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| | geographical area
The United Kingdom reported organic growth of 7.4% thanks to the contribution of Managed Services.
France saw a slight decline of 3.0%; Rest of the World declined 4% thanks to the growth in Asia.
Benelux reported a decline of 13.6% affected throughout the year by the weight of cyclical activities, namely Consulting and Time & Materials.
Germany Central Europe / EMA was down by 6.7% and Iberia / South America by 10.1% due mainly to the negative impact of cyclical | |
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| | profitability and the reduction of the financial debt.”
Orders in 2009 totalled €5.15 billion in 2009, down 3% organically compared to 2008. At 31 December 2009, full backlog was €6.8 billion, representing 1.3 year of revenue. This amount includes the cancellation of almost EUR 400 million due to Arcandor’s bankruptcy.
The full qualified pipeline was €3 billion, up 14% compared to 2008, mainly thanks to HTTS and Medical BPO; Systems Integration showed a | |
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